However, in some cases, an inspection of certain property systems might need to be conducted prior to this happening (i.e. having an electrical inspection done).

Make sure your purchasing power, whatever form it takes, is ready to go at the drop of a hat.  

This is how I view your deal:Monthly Mortgage payment $603.92 (25% down, 5%, 30yr on 150k purchase)Taxes $280.00 Sewer and Water $66.67 (I spend about $400/year per apartment)Trash $75.00 ( 2 yard dumpster emptied every 2 weeks)Heat/Utilities $- (no common electric, basement or otherwise?)

First you get the money, then you get the power"

We are told that a property is abandoned technically when the power is off, water is off and there is nothing of "Perceived Value"  in the home.

Front stairs and walk way need some TLC the steps are cracking at least power wash and fill cracks in if you don't want to replace with pavers or bricks. 

Tenant only responsible for gas/electric. 

beforethis house was purchased 4 months ago, but i think we worked on it just 2 months since we were busy with the last one. i am glad to move on. it was a drag. lots of issues with electrical contractors on this one.

Separate electric meters.Asking:  24,900Needed repairs:  15kRent income:  M-850      A-10,200Taxes:  M-43.60      A-523.15Insurance:  M-45      A-540Vacancy:  42.50PM:  68Maint:  42.50Capex:  42.50Water:  75Total expenses:  M-359.10      A-4309.20Net cashflow:  M-490.90         A-5890.80Property appr rate:  2%Rent appr rate:  2%No debt service.  

.- Electrical not to code.